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Founded in 2020 by Shayne Coplan, [3] Polymarket is a prediction market that allows users to gain/lose on the outcome of world events. [4] In January 2022, Polymarket was fined US$1.4 million by the Commodity Futures Trading Commission (CFTC), and received a cease and desist order for regulatory violations, including failure to register as a Swap Execution Facility.
This year, Polymarket has seen $1.75 billion worth of trading volume, according to data from The Block, with betting activity exploding on US election outcomes. In October alone, the betting ...
The betting site Polymarket has emerged as a hot topic in the 2024 presidential race. Trump's odds of winning are at 66% there based on bets. National polls generally show the race tied.
“Make no mistake, Polymarket single-handedly called the election before anything else,” Polymarket CEO Shayne Coplan posted on X on Wednesday. “The global truth machine is here, powered by ...
Polymarket, built on the Polygon blockchain, has seen rapid growth this election cycle. Its total value locked (TVL) surged from $9.5 million in stablecoins at the start of the year to $220 million.
Polymarket, by contrast, has become a fixture of political Twitter and, according to Nick Tomaino—whose venture fund 1confirmation has invested in all of these projects—is the go-to site for ...
Polymarket, a crypto-based betting market, predicted a 70% chance President Joe Biden would drop out of the race this year as far back as July 4, two weeks before he actually bowed out. "It's an ...
Using several different accounts on Polymarket, Théo racked up his massive Trump wager through a series of small transactions which he said was to help prevent the price of his bets from rising ...